Company / Gross Margin
Houlihan Lokey Gross Margin History
FY2018-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
32.3%
FY2024
5-year range
27.8% / 32.3%
FY2020-FY2024
Trend
+8.3%
vs FY2023
Sector context
#16 of 21
Financials
What the data says
Houlihan Lokey's gross margin of 32.3% is lower than 76% of companies in the Financials sector (FY2024). Gross Margin has fluctuated over the past 7 years, ranging from 27.8% in FY2022 to 35.0% in FY2021.
Based on SEC 10-K filings.
32.3% in FY2024 with a 5-year CAGR of +4.5%.
Improved from 27.8% to 32.3% over the past 2 years.
Financials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -2.7pp
- 5-Year Change
- +4.5pp
- 10-Year Change
- -
Sector benchmark
Bottom 24% in FinancialsTop 76% of 21This company 32.3% Sector average 46.2%
▼
-30.0% below sector average
Key checks
Key Insights
- In FY2024, gross margin increased 8.3% year-over-year.
- Currently 13.8pp below the Financials sector average.
- Peak gross margin was recorded in FY2021.
- Lowest gross margin in the period was in FY2022.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | - | - |
| FY2025 | - | - |
| FY2024 | 32.3% | +8.3% |
| FY2023 | 29.8% | +7.2% |
| FY2022 | 27.8% | -20.6% |
| FY2021 | 35.0% | +2.5% |
| FY2020 | 34.2% | +22.9% |
| FY2019 | 27.8% | -1.4% |
| FY2018 | 28.2% | - |
| FY2017 | - | - |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026